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Aug 12, 2009
08/09
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let's turn now to india. ayesha faridi joins us live from mumbai from the india business report. ayesha. >> thanks for that, christine. it's a bad wednesday for the indian economic markets. it's sliced through 4,600, 4,500 and has even broken the 4,400 market in trade today. it's recovered from the low point of the day. just about half an hour can ba, we were seeing 2% cuts for the sensex and the nifty. the bodder markets reeling under pressure there, as well. in fact, most technical analysts do believe that 43.50 thereabouts is now the next resistance thorn for the market. the big losers in trade are the entire technologies space. you've got realty which is facing a lot of pressure in trade today. so these are the two weak pockets. besides that, a whole hoeft of these heavyweight counters have also been weak. but economic data has been very positive. we have market expectations about 7.8% across the board growth, but currently, the market is more worried about the global weakness that we are seeing. with that, it's back to you. >> ayesha faridi, thank you for that. ross, back ov
let's turn now to india. ayesha faridi joins us live from mumbai from the india business report. ayesha. >> thanks for that, christine. it's a bad wednesday for the indian economic markets. it's sliced through 4,600, 4,500 and has even broken the 4,400 market in trade today. it's recovered from the low point of the day. just about half an hour can ba, we were seeing 2% cuts for the sensex and the nifty. the bodder markets reeling under pressure there, as well. in fact, most technical...
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Aug 28, 2009
08/09
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let's talk about india right now. ayesha faridi joins us live for the india business report. just stepped into the september series today. it's been shopping, but for now it's holding up in the green. 15,800 is where we're standing and the sensex is almost 100-odd point gain is what the sensex is nudging. and 4,7 must know, they will break out above that level yesterday and now it's firmly standing above it. almost a 33-odd point gain is what we're standing at right now. midcap cement companies are holding up very well. there are signs of demand pick up, which is why we're seeing a whole host of these plays pick up. besides that, amongst the heavyweights, you have meltses which have made a very good comeback. yesterday the stock was down almost 6% on close. a knee jerk reaction coming on very poor numbers. they have reported a loss this time around, but today the stock is making a good comeback and you are seeing it hold up in the green besides that capital goods is another pocket which is looking quite good. with that, it's back to you. >> ayesha, thank you very much. you ha
let's talk about india right now. ayesha faridi joins us live for the india business report. just stepped into the september series today. it's been shopping, but for now it's holding up in the green. 15,800 is where we're standing and the sensex is almost 100-odd point gain is what the sensex is nudging. and 4,7 must know, they will break out above that level yesterday and now it's firmly standing above it. almost a 33-odd point gain is what we're standing at right now. midcap cement companies...
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Aug 26, 2009
08/09
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. >> in line with the rest of asia today, india is trading higher. we're joined now by ayesha faridi. thanks for that, maura. tale, it's been quite a choppy day. while it has struggled or tried not to hit the 4700 mark for the nifty, it isn't really being able to do that. it has made many attempts now for the trading session. all indices are in the green, but a big winner, indeed, or trade is indeed in force and the entire i.t. pack. clst is a brokerage which has been bearish on the entire i.t. space in india and is upgraded and it has upped the price target, as well. and they do also believe that they may beat fy '10 guidance and that is bringing volatility to the space, including in the midcap space. another stock in focus is united which is down by almost 2% in trade today. here is the news why. they have now called off stocks for diaggio sizing high evaluations and anti-trust issues as to why it was called off. it's a sentiment and a dampener with knee jerk reactions coming into it there. meantime, of course, we have a couple of other counters mo
. >> in line with the rest of asia today, india is trading higher. we're joined now by ayesha faridi. thanks for that, maura. tale, it's been quite a choppy day. while it has struggled or tried not to hit the 4700 mark for the nifty, it isn't really being able to do that. it has made many attempts now for the trading session. all indices are in the green, but a big winner, indeed, or trade is indeed in force and the entire i.t. pack. clst is a brokerage which has been bearish on the...
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Aug 6, 2009
08/09
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let's head out to india right now. mumbai for the latest on the india bit report. ayesha faridi joins us. hello, eayesha. >> thanks for that, christine. after a very tough day, more action seen for the broader market. while the sensex is a shade odd in the green, the crucial point, i think, is that is standing above that 4,700 mark. and it's the broader markets which have seen more. meantime, of course, a lot of things are really playing up. banking is one such bank. this led to the kind of recovery that we have seen today. so a couple of these counters and not just the heavyweight counters, development credit bank amongst the midcap banks had been showing you gains of about 5 odd percent. you've got axis bank is holding up by about 1.5%. icici bank, over a 3% move. l&t is doing out quite well. in the meantime, we have got a couple of news reports, still unconfirmed, that india plans to sue the euro union at the world trade organization at the wto for allowing big pharmaceutical companies to detain engine nettic drugs in transit to developing countries. that is one
let's head out to india right now. mumbai for the latest on the india bit report. ayesha faridi joins us. hello, eayesha. >> thanks for that, christine. after a very tough day, more action seen for the broader market. while the sensex is a shade odd in the green, the crucial point, i think, is that is standing above that 4,700 mark. and it's the broader markets which have seen more. meantime, of course, a lot of things are really playing up. banking is one such bank. this led to the kind...
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Aug 20, 2009
08/09
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they point to china, india. if there's a demand, a true middle class growing out right now, that's what we're looking for. >> is there an economic barometer for economic activity? it's not the same incident that the u.s. stock market is for the u.s. economy. it's nonanticipatory in any way. >> down 20% in the last three weeks, petra down 20% from july 28 and the local market is down 7%. same thing with sinopex. a lot of the big cap names. that's a disconnect i don't feel comfortable playing. >> something you can't play. >> you've got to prefer to play some of the american plays, whether it's a three-point -- or going global. >> china. >> get the exposure. you don't know about them. those aren't investments. those are trades. >> let's bring in dennis guardman of the guardman letter. he's got expertise in the commodities market, certainly. the commodity king is his nickname. dennis, always a pleasure to see you. we've been having a very heated debate -- not so much on the debate. but are you looking at the shangha
they point to china, india. if there's a demand, a true middle class growing out right now, that's what we're looking for. >> is there an economic barometer for economic activity? it's not the same incident that the u.s. stock market is for the u.s. economy. it's nonanticipatory in any way. >> down 20% in the last three weeks, petra down 20% from july 28 and the local market is down 7%. same thing with sinopex. a lot of the big cap names. that's a disconnect i don't feel comfortable...
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Aug 19, 2009
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we're long-term energy goals because the long-term demand from emerging nations like china and india will in fact drive prices higher, but in the short term it's been that stimulus in china. they've basically stimulated their way to prosperity, but it can only go so far, again, because they're an export economy, unlike us. so unless somebody's there to buy their goods, it can only go so far. >> let me ask you quickly on china, is the chinese market the pullback of 20% over the last two weeks that we've seen in the shanghai market, is it telling us something? the chinese market was first to rebound before we did and first to perhaps top out before we did. >> totally agree with that. in fact, some of the stimulus has been the chinese stock market itself. because really it's a command control economy. once they know the money's not coming in, the market goes right down. so we keep away from that. and the implication is that they've been driving commodity prices higher where rest of the world hasn't had end demand. you wonder how that happened. so our concern is we're going to have a dip
we're long-term energy goals because the long-term demand from emerging nations like china and india will in fact drive prices higher, but in the short term it's been that stimulus in china. they've basically stimulated their way to prosperity, but it can only go so far, again, because they're an export economy, unlike us. so unless somebody's there to buy their goods, it can only go so far. >> let me ask you quickly on china, is the chinese market the pullback of 20% over the last two...
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Aug 18, 2009
08/09
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let's head over to india and join ayesha faridi live for the india business report. >> thanks for that, christine. standing or staring at that 1.5% gain for both the sensex and the nifty. might i add, it has come off from the top of the day. we're almost staring at a 100 point rally for the nifty just about a while ago. technology has been weak in trade today. watch out for counters. unitech amongst the real estate space, it's almost a tug of war space. reliance industries, which has an extremely high weighted in the index, that counter is flattened. but the rest of the market is looking good. telecom is definitely in focus. reliance communications now, we are expecting up from our sources that reliance communications is in talk for source based information up now. but that counter is holding up. more update coming in part and mtn, the deal is currently on and our sources indicate that the board will be meeting today. if it is conclusive, we can expect some agreement from the deal in the next ten days. the going has been good for that one. the metals space and the real estate space, un
let's head over to india and join ayesha faridi live for the india business report. >> thanks for that, christine. standing or staring at that 1.5% gain for both the sensex and the nifty. might i add, it has come off from the top of the day. we're almost staring at a 100 point rally for the nifty just about a while ago. technology has been weak in trade today. watch out for counters. unitech amongst the real estate space, it's almost a tug of war space. reliance industries, which has an...
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Aug 17, 2009
08/09
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india celebrated independence day. the country's prime minister vowing to return the country to 9% growth. can they catch up with china? stay tuned. more efficiently, so we've brought in a team of experts to help. one suggestion is to make your shipping more efficient with priority mail flat rate boxes from the postal service. call or go online for a free supply and up to $160 in offers from authorized postage vendors. shipping's a hassle! weighing every box... actually, with flat rate boxes you don't need to weigh anything under 70 pounds. if it fits, it ships for a low flat rate. ok, but i ship all over the country. you can ship anywhere in the country for a low flat rate. ship international, too. yes, but i ship hundreds of things, in all sizes. great, because flat rate boxes come in four sizes. call now and we'll send a free supply, plus up to $160 in offers. when you're ready to ship, we'll even pick them up for free, no matter how many you have. priority mail flat rate boxes only from the postal service. a simple
india celebrated independence day. the country's prime minister vowing to return the country to 9% growth. can they catch up with china? stay tuned. more efficiently, so we've brought in a team of experts to help. one suggestion is to make your shipping more efficient with priority mail flat rate boxes from the postal service. call or go online for a free supply and up to $160 in offers from authorized postage vendors. shipping's a hassle! weighing every box... actually, with flat rate boxes...
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Aug 18, 2009
08/09
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, tax zoerns creating in india. these are all for infrastructure building programs and they're going to continue. >> but what i hear is something else. what i hear is they're hoarding, they're stockpiling and there's a limit to that kind of behavior. >> well, there certainly is a limit to how much they can stockpile, loans have been given out and the infrastructure building. we've got pictures of people lining up up to buy condo, government programs to instill competent in the marketplace. there's a huge, huge infrastructure built up for copper wiring through the basically, they build all these power stations and there's not enough electricity getting out to the rural area, so to create josh, they're extending the wiring infrastructure throughout china in addition to building light railways, i think those factors very, very bull issue for the commodity demand. then we have this basically clunk, also seeing the commodities domestically pickup with the turnover for cars. zinc prices are picking up. the demand in china
, tax zoerns creating in india. these are all for infrastructure building programs and they're going to continue. >> but what i hear is something else. what i hear is they're hoarding, they're stockpiling and there's a limit to that kind of behavior. >> well, there certainly is a limit to how much they can stockpile, loans have been given out and the infrastructure building. we've got pictures of people lining up up to buy condo, government programs to instill competent in the...
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Aug 11, 2009
08/09
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the bombay sensitive index in india is up 0.2%. nymex light sweet crude, this is how the picture is looking for oil. nymex light swede crude is way below the 72 highs we saw on friday, $70.89. and brent is down, trading at $73.70 a barrel. bertha, over to you. >> thanks very much, christine. joining us now for market strategy is art hogan, managing director. and julian pendock is with us. arty, i want to start with you. today everybody everyone will be focused on the fed. but let's start more widely. we've had a really nice move in july. the markets are at new highs for the year. is this kind of as good as it gets for a while? have we maybe stolen a little momentum from the fall? are we due for a pullback? >> you know, it's interesting. that's the $64,000 question. everyone wants to know how we got to where we are on news that was less bad. second quarter earnings season came in better than expected, but still not where we have not them to be. i think what we've effectively done is priced in the now, priced in sustainability. nobod
the bombay sensitive index in india is up 0.2%. nymex light sweet crude, this is how the picture is looking for oil. nymex light swede crude is way below the 72 highs we saw on friday, $70.89. and brent is down, trading at $73.70 a barrel. bertha, over to you. >> thanks very much, christine. joining us now for market strategy is art hogan, managing director. and julian pendock is with us. arty, i want to start with you. today everybody everyone will be focused on the fed. but let's start...
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Aug 7, 2009
08/09
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i would bring in india, as well. india will be an economy we will take far greater notice of as the years go by. i agree totally in the decoupling. we are continuing to see that shift in economic power from west to east. we have too just to it. you have to adjust to it. far more severely than we do. it isn't something that is going to go away. but it cannot done and we will do it. but whether it will be deflationary or not, i'm not quite sure. >> meanwhile, howard, if i can just change tax slide, a large part of the rally in europe has been from financials. but we heard from rbs today who added realism. >> yes, they did. it has been an amazing week. yes, we were very glad the it's all over. what a week for banks. the good, the bad and the ugly. well, if the ugly is royal bank of scotland today, then we can actually live through it. but you know, the bottom line is that there's still a massive write-off here. banks are not performing in the way, the manner which they need to. there's a lot of clearing of decks to do a
i would bring in india, as well. india will be an economy we will take far greater notice of as the years go by. i agree totally in the decoupling. we are continuing to see that shift in economic power from west to east. we have too just to it. you have to adjust to it. far more severely than we do. it isn't something that is going to go away. but it cannot done and we will do it. but whether it will be deflationary or not, i'm not quite sure. >> meanwhile, howard, if i can just change...
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Aug 13, 2009
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let's zoom in on india and cross over to mumbai. ayesha faridi joins us. >> thanks for that, christine. the indian market belongs to the entire real estate pack, metals are holding up very well and the kind of bump up that we have seen in the commodity universe or rather the base metals market. so almost 2.7% in the green for the nifty right now. 4570 is back in the index. and it's actually the small cap universe which is really holding out. so a sign of the real estate and the metals universe, you have other sectors in the green. this is a whole lot talk about some sort of education policy that the government may be announcing. stim no confirmation on that. the entire sector is holding up very well. you've got a whole host of telecoms, gains of about 2.5% to % apiece. meantime, the nspci view closed yesterday and the entire power story closed yesterday. nhpc may be listing in about three odd weeks and the government may be announcing some sort of power reforms in the couple of days or something. so the entire power sector is doing
let's zoom in on india and cross over to mumbai. ayesha faridi joins us. >> thanks for that, christine. the indian market belongs to the entire real estate pack, metals are holding up very well and the kind of bump up that we have seen in the commodity universe or rather the base metals market. so almost 2.7% in the green for the nifty right now. 4570 is back in the index. and it's actually the small cap universe which is really holding out. so a sign of the real estate and the metals...
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Aug 13, 2009
08/09
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india had a light monsoon season and it's drier than expected. going to be low. brazil is the biggest grower had the opposite problem. too wet and the harvests are low. they are up 90% for the year. you wonder what this means to us. it could go higher. they may have to import and they are the largest consumer. if they import it constricts the global supply and you might have inflation. sugar goes into about everything except your coffee. maybe it's an outliar. who knows. >> we are here decrying all the government intervention. >> it's all government intervention. >> why are we subsidizing sugar? it makes me crazy. it's wrong, wrong, wrong. >> they are talking about the situation in the u.s. and there is argument. cash for sugar. >> from sugar to banks. banks have focused and john paulson buying a stake in bank of america. both these banks have taken bailout money. how are the t.a.r.p. banks paying off? in washington with a closer look. hampton. >> as you know better than anyone, it's all in how you break it down. the only really money in the bank for taxpayers, t
india had a light monsoon season and it's drier than expected. going to be low. brazil is the biggest grower had the opposite problem. too wet and the harvests are low. they are up 90% for the year. you wonder what this means to us. it could go higher. they may have to import and they are the largest consumer. if they import it constricts the global supply and you might have inflation. sugar goes into about everything except your coffee. maybe it's an outliar. who knows. >> we are here...
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Aug 20, 2009
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the top three producers are brazil, india and pakistan where you have heavy weather conditions that are bringing down productions. bottom line is to finish food products, this is a big, big deal. got a huge impact on food prices for people at general mills, kelloggs. watch that in their costs for next quarter. right now, play it with czz down in brazil. they're priced at 13 to 14 cents a pound. it's now around 30. they're minting money. corn products international, cpo, this is corn sweeteners or alternatives to sugar. this trade is not going to go away. this is not a case of a commodity trade that's gone through a squeeze on speculation. this is a change in the dynamics of sugar. >> would you say it's a buy right now? the run-up on that stock was scary. >> you'll get upgrades on earnings. they're priced off of sugars. that's half of where it's trading now. they've been trading that way for the last six to nine months. and also, they are specifically -- they're now a much levered play than they were last year. ethanol is the other big part of their business. that business is growing as
the top three producers are brazil, india and pakistan where you have heavy weather conditions that are bringing down productions. bottom line is to finish food products, this is a big, big deal. got a huge impact on food prices for people at general mills, kelloggs. watch that in their costs for next quarter. right now, play it with czz down in brazil. they're priced at 13 to 14 cents a pound. it's now around 30. they're minting money. corn products international, cpo, this is corn sweeteners...
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Aug 14, 2009
08/09
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will never get china and india to play unless we have a bill. if you want the progress, but look of what really works. -- let's look at what really works. i'm asking for your help having nothing to do with washington. we work with 40 cities on different continents to help them reduce their greenhouse gases. we work with 1100 cities to get them discount clean energy technology. we are trying to retrofit the empire state building to cut emissions 40%. i met to the budget people in puerto rico yesterday you want to make their island energy independence with a clean energy and efficiency. these are things that can be done. there are a lot of practical things that need to be advanced before we can get there. i will give you one example. this cash for clunkers program has worked great. it has been better than all the mechanisms of reorganizing the auto industry. we ought to put that on steroids when we can sell electric cars and buy them. there ought to be a six month waiting list for every electric car that any company can turn out before the first o
will never get china and india to play unless we have a bill. if you want the progress, but look of what really works. -- let's look at what really works. i'm asking for your help having nothing to do with washington. we work with 40 cities on different continents to help them reduce their greenhouse gases. we work with 1100 cities to get them discount clean energy technology. we are trying to retrofit the empire state building to cut emissions 40%. i met to the budget people in puerto rico...
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Aug 14, 2009
08/09
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you cannot compete with china and india with an inadequate education system and that an adequate system can't be fixed by no child left behind. you need a new model of every american getting ahead because you have to many adults under educated for the world market and you can't say to someone who's 22 we are not going to help you but we will fix k-12 because you have to have 40 to 50 years of person on the job market so we need to have a fundamental new approach that includes vocational technical school, includes college, it includes k-12 but also includes homeschooling and learning on your own and it includes things like the university of phoenix on libeler in. we have to have a fundamentally new approach to 365 days a year capacity to keep learning at a rapid rate so every american can be fully informed. i mentioned earlier 2 billion minutes. i wish every community in america what watch that film and have a dialogue of does it mean and what we have to do some schools can be competitive. compton points of 60% of u.s. students have no science to biology. only 18% of students take advanc
you cannot compete with china and india with an inadequate education system and that an adequate system can't be fixed by no child left behind. you need a new model of every american getting ahead because you have to many adults under educated for the world market and you can't say to someone who's 22 we are not going to help you but we will fix k-12 because you have to have 40 to 50 years of person on the job market so we need to have a fundamental new approach that includes vocational...
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Aug 21, 2009
08/09
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but those markets, china, brazil, and india are up substantially more than that. so they have been the leaders in terms of investment performance. and when we start to see cracks in these markets, and i think we're going to continue to see some cracks, they're way ahead of themselves. >> okay. >> it's going to impact our market. >> don, you want to answer that? >> i think he's a little too pessimistic about this. it's going to be volatile. but it's a small market compared to ours. it's an important indicator of sentiment here. but it is not really a competitor for the kind of institutional investors that are dominant in our market or are dominant in japan or the european markets and not a good indicator for individual investors here either. >> okay. >> the way individual investors participate in china is in those chinese stocks that trade in america. >> okay. new topic. bob, housing data very strong today, what about the housing stocks? is that some place you're willing to go to? they've had tremendous runs, is it all priced in? >> i think most of it is priced in.
but those markets, china, brazil, and india are up substantially more than that. so they have been the leaders in terms of investment performance. and when we start to see cracks in these markets, and i think we're going to continue to see some cracks, they're way ahead of themselves. >> okay. >> it's going to impact our market. >> don, you want to answer that? >> i think he's a little too pessimistic about this. it's going to be volatile. but it's a small market...
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Aug 28, 2009
08/09
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as a senior adviser in the state department of south asia beau or she buys the sifton secretary on india, pakistan relations. in the late 1990 she servedith the central intelligence agency as a political analyst on south asia. she so served as a political officer to the u.s. embassies i islamabad in new delhi in the early 1990's, where she earned a maritime-- meritorious honor award from the state department as well as the honors for her anytical work on indo-pakistani relations. most recently she visited afghanistan in late june as part of a nato opinion leade delegation. speaking just before her will be david isby. david has studied afghanistan since the soviet invasion of 1979. his fourth book on afghanistan, afghanistan, the graveyard of empires, in the history of the borderland complex, will be published next year. he has testified on afghanistan before both house and senate committees and is a frequent visitor to the region. most recently hwas in afghanistan last november and was embedded wh u.s. reeional command east and with coalition isaf forces. he served as the talking hansi p
as a senior adviser in the state department of south asia beau or she buys the sifton secretary on india, pakistan relations. in the late 1990 she servedith the central intelligence agency as a political analyst on south asia. she so served as a political officer to the u.s. embassies i islamabad in new delhi in the early 1990's, where she earned a maritime-- meritorious honor award from the state department as well as the honors for her anytical work on indo-pakistani relations. most recently...
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Aug 20, 2009
08/09
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from talking about chinese banks, let's go over to india. ayesha joins us for the india business report. >> thanks for that, christine. part of the global rebound today, 4473 for the nifty right now. good gains coming in. 15,000 plus for the sensex, as well. that was a disapointing and dance because most marketmen were expect ago lists at 110. so adani power is one of the stocks in focus. almost 22 times is how the ipo was subscribed. besides that, sterlite industry sess one particular focus in stock today. sterlite has now matched a group of mexico's pay to about $2.1 billion is the exact figure over there. when we spoke to the company, they say they're upping the cash component by about $500 million from the previous bid. so both of these stocks in focus. with that, it's back to you. >> ayesha, thank you very much for that, live in mumbai. missing analysts forecasts. for the six months to june, net profit eked out a gain of 1.4% as revenue rose 8.9% from the year before. and taking a look at shares of china mobile, down 0.2%, 82.58 in hong
from talking about chinese banks, let's go over to india. ayesha joins us for the india business report. >> thanks for that, christine. part of the global rebound today, 4473 for the nifty right now. good gains coming in. 15,000 plus for the sensex, as well. that was a disapointing and dance because most marketmen were expect ago lists at 110. so adani power is one of the stocks in focus. almost 22 times is how the ipo was subscribed. besides that, sterlite industry sess one particular...
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Aug 27, 2009
08/09
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and the sensex in india, only market trading on the up side right now, up 0.3%. overall, a weak picture here in terms of crude oil and nymex crude. down 21 cents. concerns about global demand weighing on this, nymex, $71.22 a barrel. brent is falling, as well, down 30 cents, $71.35 a barrel. mike, good to see you. how are the futures looking today? >> good afternoon, christine. good to see you, as well. and the futures at this point are looking like the dow is going to shoot for straight eight with seven consecutive days tying its longest win streak of the year. it looks like we could have a mixed open at least in about 5 1/2 hours time from now. moving on to the treasury market on the back of another relatively successful auction yesterday of two year notes and ahead of another auction today of seven year notes, we do see the bund yield creeping up at 3723%. yesterday, the price went up just a little bit on the benchmark ten year t-note and the yield came down and that trend is continuing, although it's basically unchanged with yesterday's close right now at 3.4
and the sensex in india, only market trading on the up side right now, up 0.3%. overall, a weak picture here in terms of crude oil and nymex crude. down 21 cents. concerns about global demand weighing on this, nymex, $71.22 a barrel. brent is falling, as well, down 30 cents, $71.35 a barrel. mike, good to see you. how are the futures looking today? >> good afternoon, christine. good to see you, as well. and the futures at this point are looking like the dow is going to shoot for straight...
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. >> in india, ayesha faridi joins us live for the india business report. >> we participated in the global rally today. yesterday it clocked a new high for ourselves and the nifty clocked that or cruised past that 4,700 mark. today, the markets chose to consolidate. the biggest drav dragger is oil and gas heavyweight, which is why you're seeing the nifty break away and increase those values. tata motors is your biggest gainer for today, at almost 6.5% gains. there are also rumors in the market that they may get the loan guarantee approved for the government for bridge loan acquisition of land rover. besides that, most of the commodity stocks have been doing very well. you've got auto ancillary stocks looking very well. the monthly sales numbers that came out for auto stocks and infillry stocks are picking up in trade amid the mid and the small caps are holding up, as well. >>> elsewhere, we are looking at euro's biggest bank, hsbc, the company could soon be one of the first foreign companies to list in shanghai. reuters says it could raise up to $7.3 billion in a shanghai ipo during the se
. >> in india, ayesha faridi joins us live for the india business report. >> we participated in the global rally today. yesterday it clocked a new high for ourselves and the nifty clocked that or cruised past that 4,700 mark. today, the markets chose to consolidate. the biggest drav dragger is oil and gas heavyweight, which is why you're seeing the nifty break away and increase those values. tata motors is your biggest gainer for today, at almost 6.5% gains. there are also rumors in...
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we will never have china and india, as we have a bill. but if you want to progress, let's look at what works. here is something that i am asking for your help in, having nothing to do with washington. with 40 cities on different continents to help them reduce their greenhouse gases. we work with 1100 cities to get them discount clean energy technology. we are trying to retrofit the empire state building to cut emissions 40%. i met to the budget people in puerto rico yesterday you want to make their island energy independence with a clean energy and efficiency. these are things that can be done. there are a lot of practical things that need to be advanced before we can get there. i will give you one example. this cash for clunkers program has worked great. it has been better than all the mechanisms of reorganizing the auto industry. we ought to put that on steroids when we can sell electric cars and buy them. there ought to be a six month waiting list for every electric car that any company can turn out before the first one is sold. becaus
we will never have china and india, as we have a bill. but if you want to progress, let's look at what works. here is something that i am asking for your help in, having nothing to do with washington. with 40 cities on different continents to help them reduce their greenhouse gases. we work with 1100 cities to get them discount clean energy technology. we are trying to retrofit the empire state building to cut emissions 40%. i met to the budget people in puerto rico yesterday you want to make...
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let's head over live to mumbai with ayesha iffaridi for a chec on the india business report. >> following it up from asia, down by 50 points for the nifty right now. almost over 1%, though it's recovered from the low point of the day. we were staring down by about a 2%. you are seeing heavyweight selling, beat up markets are selling off and you are seeing institutional selling coming in. so reliance industries or in gc, both of these counters are giving off a lot by way of momentum. you have counters from the entire real estate space like unitech and glenn mark pharmaceuticals, that is one count which is in focus and trade today. here is perhaps the reason why. forest labs currently says they did not show positive results in the phase 2b trials pop so any jerk reaction coming in on opening bell. the counter was down about 18 odd percent. still continues to suffer, down about 14% on last count. some bit of recovery in ranbaxy, idn and a couple of other counters which have which has sold off a bit in the last week or so. with that, it's back to you. >> ayesha faridi, thank you very much. an
let's head over live to mumbai with ayesha iffaridi for a chec on the india business report. >> following it up from asia, down by 50 points for the nifty right now. almost over 1%, though it's recovered from the low point of the day. we were staring down by about a 2%. you are seeing heavyweight selling, beat up markets are selling off and you are seeing institutional selling coming in. so reliance industries or in gc, both of these counters are giving off a lot by way of momentum. you...
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. >> the journal, actually, i don't know if you can pick this up but a picture about people in india driving harleys. it speaks about this growth handoff. they eventually want to have -- if there's going to be an engine of growth it won't be in the united states because the consumer is having difficulty. it has to be the rest of the world. we hope as the rest of the world moves up the income rung they'll be buying more american-made products and global trade will pick up. >> and what's the running price of a harley there? like 1,000 bucks? the average salary of a person, a commuter, is $1,000. it would be difficult to afford the hog right now. >> in india and china, you have the motorbike, the dad in the front, baby on the lap, mom on the back with groceries and a chicken stuck on the back. really cool on the harley. >> they do look good. >> just a short time ago we didn't think anyone anywhere was going to buy nonessentials or an american-made product. people are and it's a good thing. >>> coming up this morning's top stories and also jim and tony take on them. plus, could a brawl b
. >> the journal, actually, i don't know if you can pick this up but a picture about people in india driving harleys. it speaks about this growth handoff. they eventually want to have -- if there's going to be an engine of growth it won't be in the united states because the consumer is having difficulty. it has to be the rest of the world. we hope as the rest of the world moves up the income rung they'll be buying more american-made products and global trade will pick up. >> and...
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>> well, i think we have growth coming out of china, out of india, some domestic growth but it will be a slow growth. i don't think there will be no growth but slow growth. there is a risk we turn down later in the year. a lot of -- >> later this year? >> well, i would say into 2010. but you guys and i agree are great fans to warren buffett. he's noted for saying, you know, forecasting the future, tell you more about the forecast than they tell you about the future. once you get beyond the 12-month rice, you're talking politics s rather than economics. it will be highly unusual after fiscal stimulation in the monetary stimulation, injected in the economy didn't have the intended effect. >> over the weekend barron's said you would almost prefer a return that's tepid, because as long as the economy is subpar, less politicians are, they can't force through legislation, you go along with that or would you rather have a booming recovery? >> no. steady as she goes. >> really? >> give opportunity for the excesses to unwind. same thing for the stock market. our target at the beginning of the y
>> well, i think we have growth coming out of china, out of india, some domestic growth but it will be a slow growth. i don't think there will be no growth but slow growth. there is a risk we turn down later in the year. a lot of -- >> later this year? >> well, i would say into 2010. but you guys and i agree are great fans to warren buffett. he's noted for saying, you know, forecasting the future, tell you more about the forecast than they tell you about the future. once you...
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opinion the civil-rights movement, the union movement, women's rights, none of that, even gandhi in india would have gotten away if it weren't for the soviet union looming in the background and seems to me until we reach a point in which poor people are organized and willing to struggle against the fell wall street capitalists we are going to continue to see it will back of the human rights and the civil rights movement and the labor movement, something of comment please. >> host: thank you from washington state. >> guest: sean, i don't think we are in any danger seeing a rollback in the civil rights movement that transformed america. we have other groups everybody from the american indians latino, gay rights groups, children's groups who emulated the strategy that thurgood marshall used to transform the law of america and allow for a quality and inclusion. i think what you're talking about is more the economic bases and increasing class gratification we see in the united states today and i am reminded that i remember sitting with thurgood marshall and singing to him if he were a young ma
opinion the civil-rights movement, the union movement, women's rights, none of that, even gandhi in india would have gotten away if it weren't for the soviet union looming in the background and seems to me until we reach a point in which poor people are organized and willing to struggle against the fell wall street capitalists we are going to continue to see it will back of the human rights and the civil rights movement and the labor movement, something of comment please. >> host: thank...
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g-7 is outdated, doesn't include china, india, and other bodies are also not as effective. and to see this coming meeting is loud to lapse is an issue. i hope in the next few weeks we jump-start this process. >> i would use your term to the bank of england directly. if you're going to be a player and regulator, you don't win, then if you're the referee and the player and you can't win, then you've got a real problem on your hands. certainly i think our fed has done a better job to say we are going to get out of qe first and use other facilities to keep the system working the best we can. >> mohammed a couple of quick crude market questions before we run out of time. back on july 28th, headlines ran that said, as you know, el-erian said stock rally won't continue with lack of revenue. el-erian selling into corporate bond equity rally. is that still happening? do you think markets have hit their high for the year? >> we position ourselves more cautiously. we think at these levels risk assets of pricing a lot of good news, not just about fiscal stimulus, not just about invento
g-7 is outdated, doesn't include china, india, and other bodies are also not as effective. and to see this coming meeting is loud to lapse is an issue. i hope in the next few weeks we jump-start this process. >> i would use your term to the bank of england directly. if you're going to be a player and regulator, you don't win, then if you're the referee and the player and you can't win, then you've got a real problem on your hands. certainly i think our fed has done a better job to say we...
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the india sensex trading and for now in positive territory. nymex light sweet crude just off yesterday's high of 74. we're down by about 50 u.s. cents at $73.87. mike, let's take a look at how the futures are shaping up on this tuesday morning. good morning to you, mike. >> thanks, maura. good afternoon to you. and the price of oil was really a big reason why we saw the activity in the markets that we saw yesterday. as for this morning, it does not look like we're going to get much of a bernanke bounce here, as you can see. maybe the exact opposite could occur today of what happened yesterday when we had the dow ever so slightly higher and the nasdaq and the s&p 500 a tiny fraction lower. as equities relatively fell out of favor, we did see investors bid up the price of treasury notes. and this morning, we have the bund yield following even more. the yield on the benchmark ten-year t-note fell to .49% yesterday. and if we look at it now, it is ticking up just a little bit, but it's basically flat at 3.49%. moving on to gold, on the strength of
the india sensex trading and for now in positive territory. nymex light sweet crude just off yesterday's high of 74. we're down by about 50 u.s. cents at $73.87. mike, let's take a look at how the futures are shaping up on this tuesday morning. good morning to you, mike. >> thanks, maura. good afternoon to you. and the price of oil was really a big reason why we saw the activity in the markets that we saw yesterday. as for this morning, it does not look like we're going to get much of a...